Mahindra Satyam rolls out Q3 results

VARINDIA- INDIA'S FRONTLINE IT MAGAZINE

Mahindra Satyam rolls out Q3 results

Mahindra Satyam has announced its unaudited financial results under Indian GAAP for the Third quarter ended December 31, 2011.

Financial Highlights for the Quarter ended December 31, 2011 are Consolidated Revenue was INR 1718 crores, up 9% QoQ, up 34% YoY. EBITDA was INR 278 crores up 15 % QoQ. EBIDTA Margins expand by 87 bps QoQ to 16.2%. Profit after Tax was at INR 308 crores versus Rs 238 Crores in Q2, up 29% QoQ, 424% YoY. EPS was at Rs. 2.62 in Q3 FY12 versus Rs. 2.02 in Q2FY12

Vineet Nayyar, Chairman, Mahindra Satyam said, "We continue on our path of building the organization and improving our operating metrics, in the face of some headwinds on the economic front."

CP Gurnani, CEO, Mahindra Satyam said, "Our 3-pronged approach to the market through vertical, regional and service-line penetration coupled with effective portfolio management focus is showing consistent results in this changing environment. Investments into emerging areas such as Mobility, Cloud and Security Solutions should help us accelerate, as we complete the initial3 year transformation journey."


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